The EURJPY renews the negative action– Analysis – 16-09-2020

Economies.com
2020-09-16 05:06AM UTC

The EURJPY pair got advantage from the extra negative momentum that comes from stochastic decline to the oversold level, to notice renewing the negative action and surpassing the initial negative target at 124.80.

 

the continuation of suffering negative pressure makes us expect forming new negative trading, to press on 124.10 level and surpassing it might extend the trading to 123.40, to form the next target for the bearish bias.

 

The expected trading range for today is between 125.10 and 124.10

 

The expected trend for today: Bearish

 

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